Bank Competition and Firm Growth in the Enlarged European Union

We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In addition, better institutions - especially legal structure and property rights - also have a positive impact, particularly through a better functioning financial system.

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Year of publication:	2009
Authors:	Pellényi, Gábor ; Borkó, Tamás
Institutions:	DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	market structure \| banks \| market entry \| manufacturing \| financial development

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Extent:	application/pdf
Series:	Working Paper / FINESS.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 5.1 23 pages long
Classification:	D4 - Market Structure and Pricing ; G21 - Banks; Other Depository Institutions; Mortgages ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L60 - Industry Studies: Manufacturing. General ; O16 - Financial Markets; Saving and Capital Investment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005069154